Hindustan Unilever gets approval to split its ice cream business into a separate company.

Hindustan Unilever (HUL) has received approval to split its ice cream business, including brands like Cornetto and Kwality Walls, into a separate listed company. This demerger, which accounts for about 3% of HUL's revenue, aims to unlock growth potential and create value for shareholders. If approved by shareholders, HUL owners will receive shares in the new entity, which could benefit from a focused management team and India's growing ice cream market.

November 25, 2024
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